Rivian Vw

Volkswagen and Rivian Partner to Develop Vehicle Software

Joint Venture to Focus on Creating Advanced Technology

Volkswagen Plans to Invest Up to $5 Billion in Rivian

Volkswagen and Rivian Automotive Inc. announced today that they are forming a joint venture to develop vehicle software. The joint venture will be equally owned and controlled by both companies, with Volkswagen investing up to $5 billion in Rivian.

The joint venture will focus on developing advanced software solutions for electric vehicles, including autonomous driving, infotainment, and connectivity features. The companies believe that the partnership will accelerate the development of these technologies and help to bring them to market more quickly.

Volkswagen's investment in Rivian is a significant sign of confidence in the electric vehicle startup. The investment will help Rivian to scale up its operations and accelerate its development plans. It also gives Volkswagen a significant stake in the company, which is expected to go public later this year.